MOS World

Franchising is a method of doing business by which a franchisee is granted the right to engage in business under a marketing plan or system prescribed and controlled substantially or in part by a franchisor and to make substantial use of the franchisor’s trademark, name, logos, or advertising. The benefits of a franchise can be obtained through the purchase of either a new franchise or an existing franchise from a franchisee that’s already up and running. Each option has its benefits The benefit of buying a franchise is that much of the work has been done for you. Generally, you are given the product or service ready to sell. Often, the equipment, systems, policies, and procedures have all been laid out by the franchisor. The raw materials you need to produce your product or service is often available from the franchisor. There are a lot of franchising opportunities which you may have crossed out after realizing what you really want. More than looking at different well-known bran...

Before you take that huge step in grabbing a franchise opportunity, you need to ask yourself if this is really the kind of business that you want and if you are ready to take on the responsibilities. Remember that your thoughts of putting up a business is more than just to have something to keep you busy, but also to make it a successful one that can help sustain the needs of your family. After all, we know that being employed may not provide us the same satisfaction with regards to the financial aspect. NARROWING DOWN YOUR OPTIONS There are a lot of franchising opportunities which you may have crossed out after realizing what you really want. More than looking at different well-known brands, try to check on the type of business and specific concepts. Sometimes, narrowing down your options may lead you to a point of choosing whether to put up a business that you are comfortable with or to learn something new because it is what is currently in demand. FRANCHISOR DISCLOSU...

If you’re thinking of becoming your own boss, investing in a franchise business is one popular option that may be worth looking into. However, as tempting as it may be to just type the word, “Franchise” in your favorite search engine to “See what’s out there,” you’re going to need to know several things first. 1. The franchise model It’s been called the greatest business model ever invented, and has enabled hundreds of thousands of people that never owned a business before to do just that; become owners of their own business.The premise is simple; someone comes up with an idea for a product or service, implements it, and starts a business. The business turns out to be easily replicated. (Think pizza.) This person doesn’t really want to just use all of his or her own money to grow the business, so the hunt for an investor or two begins. It turns out that getting some investors is a smart choice.It’s just that the investors in this case are not only going to buy into the busine...